Solar Panel Cost Guide in Walnut Park, CA (Mar 2023)
- Walnut Park Solar Installation Cost: $5,446
- 25-Year Savings: $12,848
- Payback Period: 7.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Walnut Park
See how much it might cost to install solar panels in Walnut Park.
In Walnut Park, solar panels cost about 2.73 per watt on average. The average Walnut Park homeowner needs a 2.9-kilowatt system, which would cost about $5,446 with the federal tax credit, or $7,788 before the 30% tax credit is applied.
The true price you pay can go above or below the average in Walnut Park based on several factors, such as the type of solar panels you choose and the solar installer you hire. Despite the significant initial cost, the average Walnut Park homeowner can save about $24,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar company in Walnut Park for a personalized quote.
Solar savings over time in Walnut Park
| Year | Return on Investment |
|---|---|
| 1 years | $-4,715 |
| 3 years | $-3,251 |
| 5 years | $-1,787 |
| 7 years | $-324 |
| 9 years | $1,140 |
| 11 years | $2,603 |
| 13 years | $4,067 |
| 15 years | $5,530 |
| 17 years | $6,994 |
| 19 years | $8,457 |
| 21 years | $9,921 |
| 23 years | $11,385 |
| 25 years | $12,848 |
Top Solar Installers in Walnut Park
Although it's possible to install solar panels on your own, it involves extra labor and handiness. That's why most people choose a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your family.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Walnut Park
Factors that Affect Solar Panel Costs in Walnut Park
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Walnut Park: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Walnut Park, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,730 for each additional kilowatt you need. The kind of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Walnut Park offer solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also increases your total costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Walnut Park have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.84 | $11,925 | $26,603 | 7.7 years |
| 8 kW | $2.78 | $15,594 | $35,777 | 7.6 years |
| 10 kW | $2.73 | $19,110 | $45,103 | 7.4 years |
| 12 kW | $2.68 | $22,473 | $54,582 | 7.3 years |
| 14 kW | $2.62 | $25,684 | $64,214 | 7.1 years |
| 16 kW | $2.57 | $28,741 | $73,999 | 7.0 years |
| 18 kW | $2.51 | $31,646 | $83,937 | 6.8 years |
| 20 kW | $2.46 | $34,398 | $94,028 | 6.7 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Walnut Park, CA Solar Cost FAQs
How much does it cost to install solar panels in Walnut Park?
The average cost of solar panels in Walnut Park is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Walnut Park?
Solar panels aren't free in Walnut Park, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is switching to solar power worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Walnut Park?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.